Major nations impose first global carbon tax on shipping emissions

Global Shipping Strikes Landmark Emissions Deal - teleSUR English

The measures will apply to large ocean-going vessels exceeding 5,000 gross tonnage. Following years of intense negotiations, nations reached a landmark agreement on Friday to reduce greenhouse gas emissions from global shipping by setting mandatory fuel standards and introducing an industry-wide carbon pricing mechanism. RELATED: Russian Scientists Develop Arctic Climate Monitoring System The framework, approved by the United Nations (UN) Intern…

The United Nations International Maritime Organization (IMO) at a meeting held in London on the 11th approved a proposed amendment to the MARPOL Convention, which for the first time includes a charge on greenhouse gas emissions from international shipping that exceed a certain threshold, the IMO announced. If officially adopted in October, it will come into effect in 2027. The IMO has set a target of 100,000 tons of greenhouse gas emissions from…

UN committee agrees to impose taxes on shipping, it’s a leap forward for One World Governance

The UN approved the first global carbon tax yesterday, which would require all ships worldwide to use a less carbon-intensive fuel mix or else pay for excess emissions from 2028. It is the start of the UN raising its own funds through taxes rather than being reliant on contributions from national governments. Yesterday, the United

In order to achieve the climate goal, international shipping will in future be priced at too high greenhouse gas emissions.

UN Shipping Agreement A Victory For Multilateralism But A Failure For The Climate - CleanTechnica

Negotiators in London agreed for the first time on a framework that will require ships to switch away from fossil fuels, but the rules as they stand will lead to a massive increase in deforestation-driving biofuels Negotiators at the UN’s shipping body (IMO) managed to clinch a deal that might ... [continued] The post UN Shipping Agreement A Victory For Multilateralism But A Failure For The Climate appeared first on CleanTechnica.

International shipping authority agrees to first ever global emissions fee

Countries reached a landmark agreement to curb emissions from global shipping, which contributes about 3% of global greenhouse gases. Under the deal, negotiated by the UN's International Maritime Organization, ships must reduce emissions or pay a fee, with the goal of achieving net-zero by around 2050. The accord, set to take effect by 2028 pending final approval, introduces the first-ever global carbon price for an industry while funding cleane…